American financial services company Robinhood does not have any plans to list new cryptocurrencies at the moment. The firm’s CFO, Jason Warnick, disclosed this news on January 26 while speaking to reporters shortly after Robinhood posted its Q4 earnings. This decision comes as the company treads carefully after regulators said they might consider some tokens securities.
With this news, the company has shattered the dreams of Shiba Inu (SHIB/USD) enthusiasts, who were hoping a Robinhood listing would help the meme coin surge past $0.0001 (£0.000075).
SHIB fans went as far as signing a petition to get the platform to list the token. At the time of writing, SHIB is trading at $0.00002072 (£0.000015) after plunging from its October 28 ATH of $0.00008845 (£0.000066).
While speaking to the reporters, Warnick said Robinhood is aware that its customers want new coins. With crypto becoming an integral part of Robinhood’s business strategy, the company is focusing on expanding its offerings, including rolling out a wallet that allows customers to send their assets off the platform.
The wallet launched in beta earlier this month, and Warnick believes it will be available for all customers by the end of March. According to him, Robinhood is also looking to start launching crypto products internationally in the coming months. Among the products lined up is a debit card that facilitates quicker withdrawals.
Robinhood’s business continues performing
This news comes are Robinhood’s business continues going through a rough patch after posting another quarterly loss. The firm revealed that it lost 49 cents per share.
This loss exceeded expert expectations of 42 cents. Robinhood added that its revenue grew to $363.00 million (£271.20 million), falling short of the predicted $370.00 million
